Type: Bullish BreakoutKey Levels:Resistance: 114.196Pivot: 113.673Support: 113.02Preferred Case:Prices are on bearish momentum. We see potential for a dip from our Pivot at 113.673 in line with 23.6% Fibonacci retracement towards our 1st support at 113.02 which is a graphical swing low and close to our area of Fibonacci confluences.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 114.196 in line with 61.8% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-for-pullback-30thnov"
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